Ukg Acquires Spotcues And Its Groupe.Io Mobile Communications Platform
Feb 24, 2022•almost 4 years ago
Acquiring Company
UKG
Acquired Company
SpotCues
information technology & services
Description
UKG Inc., a leading global provider of human capital management (HCM), payroll, HR service delivery, and workforce management solutions, today announced the acquisition of SpotCues and its award-winning mobile communications platform, Groupe.io.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed